Besides the financial considerations of owning a leasedback airplane, you
must examine what type of person you are and what you find acceptable and
not acceptable. Are you a neat, meticulous, type-A personality who is
liable to have a heart attack if some renter's kid spills his sippy cup of
grape juice all over the rear seat of your Dakota? Can you handle it if the
renter pilots fail to complete the after landing checklist and leave
something un-done every time they fly it? What will you do when inevitably
some renter climbs in while bracing himself with his left hand on the head
rest of the passenger seat and it develops the famous Piper headrest
position? What about if they leave your airplane outside after night
flying? Depending on your area of the country, would they be permitted to
do touch and goes when the temperature is extremely cold? No matter how
hard you try, you won't be able to sufficiently control how they treat the
engine or the airplane.
--
Jim Burns III

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